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600 Parliament Street Toronto, Ontario M4X 1R2

4359 sqft
Fully Air Conditioned Forced Air

$5,980,000

An Exceptional Investment Opportunity Awaits At 600 Parliament Street, Ideally Situated In Torontos Vibrant Downtown Core. This 4,300 Sq.Ft.+ Income-Producing Property Offers Established Short- And Long-Term Leases, Providing Strong Occupancy And Reliable Cash Flow From A Diverse Tenant Base. This Building Features 10 Rental Units, It Presents A Rare Opportunity To Significantly Increase Rental Income And Take Advantage Of Torontos Rapidly Growing Demand For Flexible Investments Options. In This High-Density Urban Area, The Property Delivers Immediate Income Stability While Offering An Established Laundromat with Strong Revenue, A Trusted Community Staple Serving Both Tenants And Local Residents. With Many Nearby Apartment Buildings Lacking In-Unit Laundry, The Business Attracts A Loyal, Repeat Customer Base, Generating Consistent Secondary Income That Perfectly Complements This Property Achieves An Impressive 7%+ Return And Potential Future Service Expansion. (id:61445)

Business

BusinessType Residential
BusinessSubType Apartments

Property Details

MLS® Number C12712802
Property Type Multi-family
Community Name North St. James Town
ParkingSpaceTotal 2

Building

CoolingType Fully Air Conditioned
HeatingFuel Natural Gas
HeatingType Forced Air
SizeInterior 4359 Sqft
Type Multi-family
UtilityWater Municipal Water

Land

Acreage No
SizeDepth 110 Ft ,4 In
SizeFrontage 20 Ft ,4 In
SizeIrregular 20.37 X 110.39 Ft
SizeTotalText 20.37 X 110.39 Ft
ZoningDescription Commercial

https://www.realtor.ca/real-estate/29269983/600-parliament-street-toronto-north-st-james-town-north-st-james-town

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Sarah Shao
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Exp Realty
4711 Yonge St 10th Flr, 106430
Toronto, Ontario M2N 6K8

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